Sat Dec 28 00:40:00 UTC 2024: ## BF Utilities Reports Mixed Q2 Results: Profit Down Despite Revenue Increase
**MUMBAI, Dec 26, 2024** – BF Utilities today announced its second-quarter results for 2024, revealing a mixed performance. While the company saw a modest 1.34% year-over-year (YoY) increase in revenue, reaching ₹221.34 crore, its profit declined by 7.81% YoY to ₹39.13 crore.
The quarter showed significant sequential growth, with revenue jumping 12.1% and profit climbing 5.84% compared to Q1 2024. However, this positive trend was offset by a substantial increase in Selling, General & Administrative expenses, which rose 8.16% quarter-on-quarter and a significant 32.62% year-over-year.
Despite the dip in net profit, operating income demonstrated positive growth, increasing 11.33% quarter-on-quarter and 12.31% year-over-year. Earnings Per Share (EPS) for the quarter stood at ₹10.39, reflecting the YoY profit decrease.
BF Utilities’ stock performance has been volatile. While it experienced a -2.59% return in the last week, it boasts a strong 14.33% return over the past six months and an impressive 71.22% year-to-date (YTD) return. The company currently has a market capitalization of ₹3814.79 crore, with a 52-week high of ₹1129.1 and a low of ₹557.3.
First Piper 